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Record profits for Ryanair

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Record profits for Ryanair

Old 10th Jun 2002, 11:57
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Record profits for Ryanair

The company made 172m euros (111m; $162m) in the past financial year compared with 123m euros in the previous 12 months.

It also saw the number of passengers increase by 38% to 11.1 million.

This is in sharp contrast to British Airways, which two weeks ago reported its biggest loss since privatisation


RyanAir BBC


How do they do it?!
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Old 10th Jun 2002, 14:29
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Good news for all you Ryanair Pilots & other front line staff, I understand you work your "bits" off and deserve recognition for that....But and this is not a Ryanair bash, sometimes/it maybe in the words of an Observer financial analyst "it is all smoke and mirrors, & susidies". Sorry I mislaid the thread; also motley fool analyst on the 7.4.02 had some interesting points on various maintenance accounting practices which radically "skew" the figures. Heh I,m just a pilot what do I know????
But good effort to the guys/ettes at the sharp end......
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Old 10th Jun 2002, 14:32
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That`s impressive!!!

Go Ryanair, go MOL!

In Swiss they say: Welcome to civilized avitation

The MOL say`s: Welcome to the future of aviation!!!

Cheers!!!!!!
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Old 10th Jun 2002, 14:44
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How do they do it?!
Simple. They just give the public what they want.


Good for Ryanair
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Old 10th Jun 2002, 15:10
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I think a search of PPRuNe for "Ryanair" and "FR" might turn up some illuminating stuff on this theme!
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Old 10th Jun 2002, 16:52
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It's difficult to reconcile what appears to be a very successful company with MOL's desperate need to make a charge for reading pilot CV's.
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Old 10th Jun 2002, 17:03
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Life sure is sweet....

Lets have the usual suspects then, questioning the results, slagging off the company....All the while the company just gets bigger and richer.
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Old 10th Jun 2002, 18:01
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Let me be the first to start the ball rolling...

How do they do it?

More aeroplanes, more passengers, more revenue, that's obvious.

Cheaper fares, more attraction, more passengers, more revenue, that's obvious.

The truth is that the new aeroplanes that are making all the money are flown by crews being paid a lot less.

A Captain based in Europe is not getting much more than an F/O in the UK. Direct entry crews in the UK are now getting less than the 'veterans'. Direct entry Captains are getting twelve sectors to get on line, then if in need of any more, have to pay 50 a sector until they are ready for check.

New Cabin Crew have to pay for ID pass, uniform, training and get paid in Euros. Taking home a grand total of about 400 a month. (Please don't ask me why people do it, but they do.)

The crews go a long way to funding O'Leary's empire. When calculating /hour, the pay has gone down significantly over the last four years.. One day I will have to work it out...

This is the tip of the iceberg. I'm only answering the question.

I promise, it will not go on forever...
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Old 10th Jun 2002, 18:23
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Config - Ppruners cannot have it both ways...

For years, we have been told on this forum that pilot's pay is only a small part of operating costs and there is no reason for companies not to increase it.

Now you credit record Ryanair profits to low pilot's pay!

I've met many Ryanair pilots as they come through my place of work and they never complain about the pay.. so something doesn't add up here. I have a feeling it's you , Config!
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Old 10th Jun 2002, 18:30
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It would appear that some (at the pointy end) in Europe/UK, just fail to realise that Ryanair just give the pax what they want...economical air transportation.
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Old 10th Jun 2002, 18:50
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The human recources gives a greater revenue than the aeroplanes.
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Old 10th Jun 2002, 19:50
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Nice to see MOL describes himself as a "cowboy" amongst other things on the BBC news today!
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Old 11th Jun 2002, 06:22
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Thumbs up

Michael O'Leary was on CNBC yesterday morning, saying that for the next 3 years at the very minimum FR will not be growing by 25% as projected ... rather they will be growing by 35%. Like him or loathe him, the man does a brilliant job and the results prove it. I can't think of any other airlines that have similar expectations and in the case of the full service airlines, most are looking at ongoing losses.
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Old 12th Jun 2002, 13:47
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Record profits for Ryanair

The company made 172m euros (111m; $162m) in the past financial year compared with 123m euros in the previous 12 months.

It also saw the number of passengers increase by 38% to 11.1 million.

Is this turnover or profit?

111m/11.1m = 10 per head which must be Ryanair's average fair given that they seem to give a lot of seats away!

Anyone know the maths?
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Old 12th Jun 2002, 14:52
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Bally Heck.

You mustn't forget that Ryanair's income doesn't only come the sale of seats on its aircraft. It also sells a lot of onboard products and advertising space on the inside and outside of the aircraft. The price of food and drink on most "low fares" airlines is none too cheap - but people do pay for it just like they do on trains and in airports and train stations where food and drink also aren't cheap. Also there are a lot of expenses that they don't absorb themselves but instead are covered by the staff (or potential staff) out of their own pockets.

Ryanair is run by a smart cookie - how many airlines out there have airports paying them to land there? And candidates paying them to potentially interview them? I wouldn't think it was many.

I personally don't agree with some things that Ryanair are doing but at the and of the day, they are a successful airline that can boast about making a lot of money. Passengers will continue to fly with Ryanair so long as they continue to offer the fares that they do. Just last week, I flew STN/TRF/STN for 21 return and STN/CIA/STN for 36 return - both including taxes, both there and back on the same (respective) day. It would have been rude not to have gone to see Oslo and Rome at these prices!!! I didn't buy anything onboard any flight, however - I hope I am not responsible for a drop in profits next year!!
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Old 12th Jun 2002, 15:09
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Exclamation Ryanair heads cashing in some chips ...

It seems that some of the main Ryanair shareholders are cashing in their chips . . . It looks like (only) money matters.

Follow this link

http://www.onbusiness.ie/2002/0612/ryanair.html
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Old 12th Jun 2002, 23:51
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At the end of the day, people forget that profitable airlines expand and that creates more jobs. Airlines that contract or go bust just add to the existing glut of pilots.

Add to that the fact that FR captains are amongst the best paid in Europe and pretty rapidly it becomes obvious that the carping on here and many, many other threads about FR and MOL is simply sour grapes.
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Old 13th Jun 2002, 09:46
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Aircraft nut ... what an odd thing to say. O'Leary spend years working 7 days a week to give people affordable transport and employment to thousands and now wants to sell about 15% of his stake to secure some personal financial future.

You think that indicates only the money matters ? By comparison many airline Chief Executives have come and gone in far shorter time and taken much more from the airline businesses without getting the results O'Leary has managed.
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